Bourbon Sees Strong Growth

Wednesday, August 09, 2006
Bourbon’s first half revenues totaled $445m, up 14.6 percent compared with the same period in 2005. The Offshore Division, which is the beneficiary of the largest portion of Bourbon’s investments within the Horizon 2010 plan ($1.6b), remains the growth driver for the company. Revenues for the Offshore Division rose 32.4 percent, or 27.1 percent at constant exchange rates, over the same period in 2005. This growth reflects the implementation of the 2003-2007 plan and was driven in the first half by the delivery of 15 new vessels (six supply vessels and nine crewboats). In addition, two vessels were chartered to meet the needs of our customers. In the Africa zone, which benefited from the largest number of new vessels commissioned, growth rose to 45.7 percent over the same period in 2005. In addition, the Offshore Division initiated its expansion in Asia. Growth in the Offshore Division should continue in the second half. In accordance with the plan, deliveries of new vessels will increase the fleet dedicated to modern offshore with the commissioning of new-generation, innovative vessels offering high productivity. Revenues for the Bulk Division will continue to be influenced by the level of cargo rates.
Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Sapurakencana Wins 3 Petronas Oil blocks

SapuraKencana Petroleum Berhad today announced that it has entered into Sale and Purchase Agreements to acquire the entire interest of PETRONAS in 3 blocks offshore

Kemp Succeeds Semple at Wood Group

Wood Group announced following changes to its senior management team. Alan Semple, chief financial officer (CFO) has advised the board that he intends to

ST Engineering Rejigs Top Deck

Singapore Technologies Engineering Ltd (ST Engineering) today announced the appointment of senior management personnel to new key management positions in the

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Pipelines Port Authority Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1222 sec (8 req/sec)